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ok everyone thinks its a typo but this actually originated from a group of australian gamers that developed many new words on this is one of the few that took of it is an abreviated form of Pawnage "porn-age" which means the same as ownage but is used so that noobs understand see back when it started noobs would be like "owned what?" but everyone knows of the real word saying of pawn so they decided to use pawnage instead but this slowly turned to pwnage and although it means the same thing as ownage it is not derived from a misspelling as many would beleive.

also i do not take credit for this i am no part of the group i merely know of them
its the same usage as ownage!

i pwned u u dirty lil elf!

pwnage supreme man i just beat down on you like white on rice!
pwnage is a corruption of the word 'ownage' but as you can see, the p and o keys are very close together on the keyboard, therefore it is a frequent mistake to write 'pwnage' or 'pwned' instead of 'ownage' or 'owned'.
pwnage, i win, katherine tanner loses :L
pwnage by katherinegotpwned June 16, 2010
A term in which "Leet Haxors" use to describe a past event which required completing a counter-strike game done the #nFc way.
Oh man, that was pwnage.
I saw nFc today! Man, they have some serious pwnage!
Pwnage by Synergy June 18, 2003
A series of events that involves the act of doing/receiving (depending on the indivdual's status in situation) any certain amount of ownage (or 'pwnage')
An example of receiving 'pwnage': A guy in a wheelchair falls off a building into an ocean and gets eaten by a shark.

An example of pwning someone: One throw a set of large scissors into his friend/room-mate's arm, causing him to die of suffocation due to loss of blood
Pwnage by Nik and Mauricio May 22, 2007
Derived from 'own' 'ownage'; common typographical error due to rapid typing without accuracy by players of usually fast paced video games. The corruption 'pwn' subsequently became standard usage.

Of late a wider application of the word has been utilized, perhaps diminishing the exclusivity somewhat.
I just beat WJ at pool 8-2, pure pwnage!
pwnage by SuperHamzah October 9, 2010
Two definition.
1:something you can give
2:something you can take

Pwnage is the quite hilarious and joyful event of being annihilated
or giving doom to another person, persons or non-person..Usually resulting in an after-death tea-bag, rape, or "thrown off a cliff" action
N00bish One-Dude did you totally see that pwnage??
N00bish Two- I wish I could, but your arse is bumping my facee
Pwnage by igetpwnedtoo January 31, 2008